Sales growth outpaces apparel inventory levels

For the past year, apparel retailers have been struggling to clear merchandise from shelves and make way for new inventory. They've had to slash prices and profit margins as a result, but the tides may be turning in time for the holiday season, when retailers typically earn roughly 40 percent of their annual sales. For the first time since September 2013, apparel industry inventory levels are growing at a slower rate than sales growth rates, perhaps bringing the excessive markdown period to a close. Story